Vape Shop Retail and Lounge, Premium LA Location
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Sold
Background
| BizEx ID: | BizEx1160-EM |
|---|---|
| General Location: | Los Angeles, CA |
| Category: |
Retail Entertainment |
| Years in Business: | 3 |
| Under Present Owner: | 3 |
| Hours of Operation: | 10:00am - 10:00pm |
| Owner Hours: | varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | Buyer to Secure New Lease |
| Lease Options: | |
| Building Size: | 800 |
| Employees: | 2 |
| Reason for Sale: | Other Business Interests |
Financials
| Asking Price: | $38,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $300,000 |
| Discretionary Cash Flow: | $60,000 |
| FF&E: | $20,000 |
| Inventory Included? | No |
| Inventory: | $20,000 |
| Min. Operating Capital: | $15,000 |
| Real Estate Available? | No |
| Rent: | $6,000 |
| Payroll: | $3 |
| Financing: | Buyer |
| 2017 | 2016 | |
|---|---|---|
| Gross Sales | $ 320,000 | $ 310,000 |
| Gross Profit | $ 200,000 | $ 185,000 |
| Disc. Earnings | $ 60,000 | $ 50,000 |
